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Side-by-side financial comparison of Energy Recovery, Inc. (ERII) and TACTILE SYSTEMS TECHNOLOGY INC (TCMD). Click either name above to swap in a different company.
TACTILE SYSTEMS TECHNOLOGY INC is the larger business by last-quarter revenue ($103.6M vs $66.9M, roughly 1.5× Energy Recovery, Inc.). Energy Recovery, Inc. runs the higher net margin — 40.2% vs 10.3%, a 30.0% gap on every dollar of revenue. On growth, TACTILE SYSTEMS TECHNOLOGY INC posted the faster year-over-year revenue change (21.0% vs -0.3%). TACTILE SYSTEMS TECHNOLOGY INC produced more free cash flow last quarter ($16.8M vs $6.4M). Over the past eight quarters, TACTILE SYSTEMS TECHNOLOGY INC's revenue compounded faster (30.2% CAGR vs 8.1%).
Energy Recovery Inc. is an American manufacturer of energy recovery devices for water and CO2 refrigeration industries.
Dominion Voting Systems Corporation was a North American company that produced and sold electronic voting hardware and software, including voting machines and tabulators, in Canada and the United States.
ERII vs TCMD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $66.9M | $103.6M |
| Net Profit | $26.9M | $10.6M |
| Gross Margin | 67.2% | 78.2% |
| Operating Margin | 46.8% | 18.1% |
| Net Margin | 40.2% | 10.3% |
| Revenue YoY | -0.3% | 21.0% |
| Net Profit YoY | 14.7% | 9.4% |
| EPS (diluted) | $0.49 | $0.45 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $66.9M | $103.6M | ||
| Q3 25 | $32.0M | $85.8M | ||
| Q2 25 | $28.1M | $78.9M | ||
| Q1 25 | — | $61.3M | ||
| Q4 24 | $67.1M | $85.6M | ||
| Q3 24 | $38.6M | $73.1M | ||
| Q2 24 | $27.2M | $73.2M | ||
| Q1 24 | $12.1M | $61.1M |
| Q4 25 | $26.9M | $10.6M | ||
| Q3 25 | $3.9M | $8.2M | ||
| Q2 25 | $2.1M | $3.2M | ||
| Q1 25 | — | $-3.0M | ||
| Q4 24 | $23.5M | $9.7M | ||
| Q3 24 | $8.5M | $5.2M | ||
| Q2 24 | $-642.0K | $4.3M | ||
| Q1 24 | $-8.3M | $-2.2M |
| Q4 25 | 67.2% | 78.2% | ||
| Q3 25 | 64.2% | 75.8% | ||
| Q2 25 | 64.0% | 74.5% | ||
| Q1 25 | — | 74.0% | ||
| Q4 24 | 70.2% | 75.2% | ||
| Q3 24 | 65.1% | 75.0% | ||
| Q2 24 | 64.6% | 73.9% | ||
| Q1 24 | 59.0% | 71.1% |
| Q4 25 | 46.8% | 18.1% | ||
| Q3 25 | 11.4% | 12.8% | ||
| Q2 25 | 5.3% | 5.2% | ||
| Q1 25 | — | -7.4% | ||
| Q4 24 | 38.2% | 14.6% | ||
| Q3 24 | 18.3% | 9.3% | ||
| Q2 24 | -7.4% | 8.0% | ||
| Q1 24 | -90.4% | -4.9% |
| Q4 25 | 40.2% | 10.3% | ||
| Q3 25 | 12.1% | 9.6% | ||
| Q2 25 | 7.3% | 4.1% | ||
| Q1 25 | — | -4.9% | ||
| Q4 24 | 35.0% | 11.4% | ||
| Q3 24 | 22.0% | 7.1% | ||
| Q2 24 | -2.4% | 5.9% | ||
| Q1 24 | -68.3% | -3.6% |
| Q4 25 | $0.49 | $0.45 | ||
| Q3 25 | $0.07 | $0.36 | ||
| Q2 25 | $0.04 | $0.14 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | $0.40 | $0.40 | ||
| Q3 24 | $0.15 | $0.21 | ||
| Q2 24 | $-0.01 | $0.18 | ||
| Q1 24 | $-0.14 | $-0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $75.2M | $83.4M |
| Total DebtLower is stronger | — | $0 |
| Stockholders' EquityBook value | $206.2M | $218.9M |
| Total Assets | $231.5M | $273.9M |
| Debt / EquityLower = less leverage | — | 0.00× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.2M | $83.4M | ||
| Q3 25 | $70.4M | $66.0M | ||
| Q2 25 | $79.5M | $81.5M | ||
| Q1 25 | — | $83.6M | ||
| Q4 24 | $78.0M | $94.4M | ||
| Q3 24 | $118.6M | $82.1M | ||
| Q2 24 | $101.0M | $73.6M | ||
| Q1 24 | $117.4M | $60.7M |
| Q4 25 | — | $0 | ||
| Q3 25 | — | $0 | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $27.0M | ||
| Q2 24 | — | $27.8M | ||
| Q1 24 | — | $28.5M |
| Q4 25 | $206.2M | $218.9M | ||
| Q3 25 | $180.8M | $204.9M | ||
| Q2 25 | $185.2M | $194.9M | ||
| Q1 25 | — | $205.6M | ||
| Q4 24 | $210.0M | $216.6M | ||
| Q3 24 | $233.9M | $207.9M | ||
| Q2 24 | $218.5M | $200.7M | ||
| Q1 24 | $216.0M | $193.5M |
| Q4 25 | $231.5M | $273.9M | ||
| Q3 25 | $209.6M | $259.2M | ||
| Q2 25 | $212.3M | $273.0M | ||
| Q1 25 | — | $280.2M | ||
| Q4 24 | $242.8M | $297.9M | ||
| Q3 24 | $262.7M | $287.7M | ||
| Q2 24 | $249.0M | $278.8M | ||
| Q1 24 | $244.3M | $272.0M |
| Q4 25 | — | 0.00× | ||
| Q3 25 | — | 0.00× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 0.13× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.15× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $7.1M | $17.3M |
| Free Cash FlowOCF − Capex | $6.4M | $16.8M |
| FCF MarginFCF / Revenue | 9.6% | 16.2% |
| Capex IntensityCapex / Revenue | 1.0% | 0.5% |
| Cash ConversionOCF / Net Profit | 0.26× | 1.63× |
| TTM Free Cash FlowTrailing 4 quarters | $15.8M | $40.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $7.1M | $17.3M | ||
| Q3 25 | $-3.1M | $10.3M | ||
| Q2 25 | $4.1M | $14.8M | ||
| Q1 25 | — | $417.0K | ||
| Q4 24 | $9.0M | $16.3M | ||
| Q3 24 | $-3.0M | $10.3M | ||
| Q2 24 | $8.1M | $13.1M | ||
| Q1 24 | $6.5M | $924.0K |
| Q4 25 | $6.4M | $16.8M | ||
| Q3 25 | $-3.5M | $9.2M | ||
| Q2 25 | $4.0M | $14.4M | ||
| Q1 25 | — | $38.0K | ||
| Q4 24 | $8.9M | $15.9M | ||
| Q3 24 | $-3.2M | $9.3M | ||
| Q2 24 | $7.9M | $12.6M | ||
| Q1 24 | $5.7M | $442.0K |
| Q4 25 | 9.6% | 16.2% | ||
| Q3 25 | -10.9% | 10.8% | ||
| Q2 25 | 14.3% | 18.2% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | 13.2% | 18.5% | ||
| Q3 24 | -8.2% | 12.7% | ||
| Q2 24 | 28.9% | 17.3% | ||
| Q1 24 | 46.9% | 0.7% |
| Q4 25 | 1.0% | 0.5% | ||
| Q3 25 | 1.1% | 1.3% | ||
| Q2 25 | 0.5% | 0.5% | ||
| Q1 25 | — | 0.6% | ||
| Q4 24 | 0.2% | 0.5% | ||
| Q3 24 | 0.4% | 1.3% | ||
| Q2 24 | 0.7% | 0.7% | ||
| Q1 24 | 6.8% | 0.8% |
| Q4 25 | 0.26× | 1.63× | ||
| Q3 25 | -0.81× | 1.26× | ||
| Q2 25 | 2.02× | 4.59× | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.38× | 1.68× | ||
| Q3 24 | -0.35× | 1.99× | ||
| Q2 24 | — | 3.06× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ERII
| Water Segment | $38.6M | 58% |
| Other | $11.0M | 16% |
| Original Equipment Manufacturer | $10.6M | 16% |
| Aftermarket | $6.6M | 10% |
TCMD
| Private Insurers | $57.6M | 56% |
| Medicare | $24.6M | 24% |
| Durable Medical Equipment Distributors | $14.1M | 14% |
| Veterans Administration | $7.3M | 7% |
